BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV) Short Interest Up 55.5% in August

BNY Mellon Dynamic Value ETF (NYSEARCA:BKDV) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 304,715 shares, a growth of 55.5% from the August 15th total of 196,018 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 317,052 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On BNY Mellon Dynamic Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BKDV. Principle Wealth Partners LLC increased its holdings in shares of BNY Mellon Dynamic Value ETF by 2.7% during the fourth quarter. Principle Wealth Partners LLC now owns 3,807,835 shares of the company’s stock worth $110,503,000 after buying an additional 98,693 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in BNY Mellon Dynamic Value ETF by 20.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 710,411 shares of the company’s stock valued at $23,792,000 after purchasing an additional 122,841 shares during the last quarter. HighTower Advisors LLC raised its position in BNY Mellon Dynamic Value ETF by 4.3% in the 4th quarter. HighTower Advisors LLC now owns 532,097 shares of the company’s stock valued at $15,441,000 after purchasing an additional 22,039 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in BNY Mellon Dynamic Value ETF by 116.6% in the first quarter. Bleakley Financial Group LLC now owns 350,119 shares of the company’s stock worth $10,385,000 after purchasing an additional 188,464 shares in the last quarter. Finally, Ruggaard & Associates LLC bought a new stake in shares of BNY Mellon Dynamic Value ETF during the fourth quarter worth $7,695,000.

BNY Mellon Dynamic Value ETF Stock Down 0.5%

NYSEARCA:BKDV traded down $0.18 during trading hours on Friday, reaching $34.08. The company had a trading volume of 61,395 shares, compared to its average volume of 376,439. The stock has a 50-day moving average of $34.32 and a two-hundred day moving average of $32.61. BNY Mellon Dynamic Value ETF has a one year low of $27.16 and a one year high of $35.14. The firm has a market capitalization of $1.82 billion, a PE ratio of 19.68 and a beta of 0.72.

BNY Mellon Dynamic Value ETF Company Profile

The BNY Mellon Dynamic Value ETF (BKDV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, focusing on value companies of any market-cap globally. The fund seeks capital growth through a bottom-up investment approach, prioritizing intrinsic value, strong fundamentals, and positive momentum BKDV was launched on Nov 1, 2024 and is issued by BNY Mellon.